MetLife Investment Advisors LLC lessened its stake in shares of eHealth, Inc. (NASDAQ:EHTH) by 35.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,987 shares of the financial services provider’s stock after selling 4,418 shares during the period. MetLife Investment Advisors LLC’s holdings in eHealth were worth $307,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of eHealth in the 4th quarter valued at $42,000. LS Investment Advisors LLC boosted its holdings in shares of eHealth by 316.8% in the 4th quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,505 shares during the last quarter. Ibex Investors LLC purchased a new stake in shares of eHealth in the 4th quarter valued at $223,000. Gagnon Securities LLC purchased a new stake in shares of eHealth in the 4th quarter valued at $235,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of eHealth in the 4th quarter valued at $238,000. 82.00% of the stock is currently owned by institutional investors.
EHTH stock opened at $65.43 on Wednesday. The firm has a market capitalization of $1.50 billion, a PE ratio of 103.86 and a beta of 1.38. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.02. eHealth, Inc. has a 12 month low of $15.35 and a 12 month high of $71.50.
eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, February 21st. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.26). eHealth had a net margin of 0.10% and a return on equity of 3.81%. The firm had revenue of $134.92 million during the quarter, compared to analyst estimates of $134.66 million. On average, research analysts expect that eHealth, Inc. will post 0.9 EPS for the current fiscal year.
In other news, CFO Derek N. Yung bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average cost of $55.36 per share, for a total transaction of $110,720.00. Following the purchase, the chief financial officer now directly owns 45,750 shares in the company, valued at approximately $2,532,720. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Goldberg sold 2,337 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $58.00, for a total transaction of $135,546.00. The disclosure for this sale can be found here. Insiders own 4.14% of the company’s stock.
Several analysts have recently commented on EHTH shares. SunTrust Banks upped their price objective on shares of eHealth to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research downgraded shares of eHealth from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $56.00 price objective on shares of eHealth in a report on Wednesday, January 23rd. Evercore ISI started coverage on shares of eHealth in a report on Monday, February 4th. They issued an “outperform” rating and a $75.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on shares of eHealth in a report on Thursday, December 20th. They issued an “outperform” rating and a $57.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.86.
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eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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